Calvary Hospital Inc.
dba Archcare ·
Bronx, Bronx County, NY
· CCN 332006
Licensed to Calvary Hospital Inc
Composite
64.0
rank score
Distress
77
FY2023
Fit
74
vs thesis
Estimated ticket
$47.2M–$189M
225 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- margin deteriorating
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $110M |
| Operating margin | -26.4% |
| Total margin | -6.5% |
| Days cash on hand | 14 |
| Current ratio | 0.95 |
| Occupancy | 92% |
Facility
| Beds | 225 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 225 | $107M | $-5.9M | -27.7% | -4.3% | 65 | 1.55 | 82% | 2,755 | 54 |
| 2021 | 225 | $115M | $-4.8M | -16.0% | -3.7% | 42 | 1.78 | 93% | 2,762 | 61 |
| 2022 | 225 | $120M | $-13.6M | -16.7% | -10.2% | 12 | 1.24 | 96% | 2,236 | 78 |
| 2023 | 225 | $110M | $-8.4M | -26.4% | -6.5% | 14 | 0.95 | 92% | 2,435 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catholic Health Care Systems | 5% or greater direct ownership interest | 100 | 2006-09 | |
| Providence Health Services Inc | 5% or greater indirect ownership interest | 100 | 2006-09 | |
| Andrew Greco | corporate director | 2011-01 | ||
| Andrew Greco | w-2 managing employee | 2011-01 | ||
| Carlos Hernandez | corporate director | 2024-04 | ||
| Clarion Johnson | corporate director | 2024-02 | ||
| Eric Goldman | corporate director | 2024-02 | ||
| Eric Goldman | w-2 managing employee | 2024-02 | ||
| Frank Serbaroli | corporate director | 2024-02 | ||
| Gerald Sweeney | corporate director | 2024-02 | ||
| Jeffrey Menkes | corporate director | 2024-02 | ||
| Jeffrey Menkes | w-2 managing employee | 2024-02 | ||
| John Gleason | corporate director | 2024-02 | ||
| Joseph Saporito | corporate director | 2024-02 | ||
| Karen Gray | corporate director | 2024-02 | ||
| Scott Larue | corporate director | 2024-02 | ||
| Stephen Bujno | corporate director | 2024-02 | ||
| Tara Cortes | corporate director | 2024-02 | ||
| Thomas O'brien | corporate director | 2024-02 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.